Kjetil Storesletten

Email: kjetil.storesletten [at] econ.uio.no

Professor, University of Oslo 

Member of the Norges Bank Executive Board and Monetary Policy Committee

President of the European Economic Association (2019)

Fellow of the Econometric Society

Additional affiliations: CEPR

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CV

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Kjetil Storesletten is a Professor of Macroeconomics at University of Oslo. He obtained his PhD at Carnegie Mellon University in 1995. He has been a Monetary Advisor at Minneapolis Fed and an Associate Professor at Stockholm University (IIES). He is President of the European Economic Association. He is a joint recipient of the Sun Yefang 2012 Award from the Chinese Academy of Social Sciences (prize granted for the paper “Growing Like China“). He is a former managing editor (2006-2010) and Chairman (2013-2017) of the Review of Economic Studies. He is the Principal Investigator of an ERC Advanced Grant. He is a Fellow of the Econometric Society, EEA, and CEPR. His research interests include macroeconomics, inequality, China, development, asset pricing, and political economy. He has published papers in all top journals: Quarterly Journal of Economics American Economic Review, Econometrica, Journal of Political Economy.


Most Recent Publications

o   Sovereign Debt and Structural Reforms American Economic Review, (forthcoming), with Müller and Zilibotti.

o   Optimal Progressivity with Age-Dependent Taxation Journal of Public Economics, (conditionally accepted), with Heathcote and Violante.

Selected Publications

o   Optimal Tax Progressivity: An Analytical Framework Quarterly Journal of Economics, 2017, vol. 132(4), pp 1693–1754, with Heathcote and Violante

o   The Political Color of Fiscal Responsibility Journal of the European Economic Association, 2016, vol. 14(1), pp. 252-302, with Müller and Zilibotti.

o   Consumption and Labor Supply with Partial Insurance: An Analytical Framework American Economic Review, Vol. 104(7), 2014, pp. 2075-2126, with Heathcote and Violante.

o   Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt, Econometrica, Vol. 80(6), November 2012, 2785-2804, with Song and Zilibotti. Download here the Supplemental Material and the Matlab code.

o   Growing Like China, American Economic Review, 2011, vol. 101(1), pp. 196-233, with Song and Zilibotti. Download also the Technical Appendix.

o   The Macroeconomic Implications of Rising Wage Inequality in the United States Journal of Political Economy, Vol. 118(4), August 2010, pp. 681-722, with Heathcote and Violante. Download here the Technical Appendix.

o   Consumption and Risk Sharing over the Life Cycle, Journal of Monetary Economics, 2004, vol. 51, pp. 609-633, with Telmer and Yaron.

o   Cyclical Dynamics in Idiosyncratic Labor-Market Risk, Journal of Political Economy, 2004, vol. 112 (3), pp. 695-717, with Telmer and Yaron.

o   The Survival of the Welfare State, American Economic Review, March 2003, vol. 93 (1), pp. 87-112, with Hassler, Rodriguez-Mora and Zilibotti. Download here the figures, and the Technical Appendix.

o   Asset pricing with idiosyncratic risk and overlapping generationsReview of Economic Dynamics, 2007, vol. 10 (4), pp. 519-548, with Telmer and Yaron.

o   Sustaining Fiscal Policy Through Immigration, Journal of Political Economy, 2000, vol. 108 (2), pp. 300-23.

Working Papers

o   Demand Shocks as Productivity Shocks, with Yan Bai and Jose-Victor Rios-Rull

o   Private Affluence and Public Poverty: A Theory of Intergenerational Predation through Debt, with Zheng Song and Fabrizio Zilibotti (this version: April 2016)

o   Barriers to Entry and Regional Economic Growth in China, with Loren Brandt and Gueorgui Kambourov.

All Publications

 


Publications: Inequality in Macroeconomics

·       Sovereign Debt and Structural Reforms American Economic Review, (forthcoming), with Müller and Zilibotti.

·       Optimal Progressivity with Age-Dependent Taxation Journal of Public Economics, (conditionally accepted), with Heathcote and Violante.

·       The Macroeconomics of the Quiet Revolution : Understanding the implications of the rise in women's participation for economic growth and inequality Research in Economics, 2017 vol. 71(3), pp. 521-539, with Heathcote and Violante.

·       Optimal Tax Progressivity: An Analytical Framework Quarterly Journal of Economics, 2017, vol. 132(4), pp 1693–1754, with Heathcote and Violante, (formerly titled as “Redistributive Taxation in a Partial Insurance Economy”)

·       Consumption and Labor Supply with Partial Insurance: An Analytical Framework American Economic Review, Vol. 104(7), 2014, pp. 2075-2126, with Heathcote and Violante.

·       The Macroeconomic Implications of Rising Wage Inequality in the United States Journal of Political Economy, Vol. 118(4), August 2010, pp. 681-722, with Heathcote and Violante. Download here the Technical Appendix.

·       Quantitative Macroeconomics with Heterogeneous Households, Annual Review of Economics, vol. 1, 2009, pp 319-354, with Heathcote and Violante.

·       Insurance and Opportunities: A Welfare Analysis of Labor Market Risk, Journal of Monetary Economics, vol. 55 (3), 2008, pp.501-525, with Heathcote and Violante 

·       Taxes and the Global Allocation of CapitalJournal of Monetary Economics, vol. 55 (1), 2008, pp. 48-61, with Backus and Henriksen.

·       Asset pricing with idiosyncratic risk and overlapping generationsReview of Economic Dynamics, 2007, vol. 10 (4), pp. 519-548, with Telmer and Yaron.

·       Two Views of Inequality Over the Life-Cycle, Journal of the European Economic Association (2005, vol. 3 (2-3), pp. 543-52, with Heathcote and Violante.

·       Cyclical Dynamics in Idiosyncratic Labor-Market Risk, Journal of Political Economy, 2004, vol. 112 (3), pp. 695-717, with Telmer and Yaron.

·       Consumption and Risk Sharing over the Life Cycle, Journal of Monetary Economics, 2004, vol. 51, pp. 609-633, with Telmer and Yaron.

·       The Welfare Costs of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk, European Economic Review, 2001, vol. 45 (7), pp. 1311-1339, with Telmer and Yaron.

·       How Important Are Idiosyncratic Shocks? Evidence from Labor Supply, American Economic Review, May 2001, vol. 91 (2), pp. 413-17, with Telmer and Yaron.

·       The risk sharing implications of alternative social security arrangements, Carnegie-Rochester Conference Series on Public Policy, 1999, vol. 50, pp. 213-59, with Telmer and Yaron..

Publications: China, Economic Growth and Transition

·       Sharing High Growth Across Generations: Pensions and Demographic Transition in China American Economic Journal: Macroeconomics, 2015, vol. 7(2), pp. 1-39, with Song, Wang, and Zilibotti.

·       Growing (with Capital Controls) Like China IMF Economic Review, 2014, vol. 62(3), pp. 327-370, with Song and Zilibotti.

·       China's Great Convergence and Beyond Annual Review of Economics, 2014, vol. 6, pp. 333-362, with Zilibotti.

·       Growing Like China, American Economic Review, 2011, vol. 101(1), pp. 196-233, with Song and Zilibotti. Download also the Technical Appendix.

·       Education, educational policy and growthSwedish Economic Policy Review, 2000, vol. 7, pp. 39-70, with Zilibotti.

Publications: Political Economy

·       The Political Color of Fiscal Responsibility Journal of the European Economic Association, 2016, vol. 14(1), pp. 252-302, with Müller and Zilibotti.

·       Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt, Econometrica, Vol. 80(6), November 2012, 2785-2804, with Song and Zilibotti. Download here the Supplemental Material and the Matlab code.

·       Democratic Public Good Provision , Journal of Economic Theory, 2007, vol. 133 (1), pp. 127-151, with Hassler and Zilibotti.

·       The Dynamics of Government , Journal of Monetary Economics, 2005, vol 52 (7) pp. 1331-1358, with Hassler, Krusell, and Zilibotti. Download here the Technical Appendix.

·       A Positive Theory of Geographical Mobility and Social Insurance, International Economc Review, 2005, vol. 46 (1), pp. 263-303, with Hassler, Rodriguez Mora, and Zilibotti.

·       The Survival of the Welfare State, American Economic Review, March 2003, vol. 93 (1), pp. 87-112, with Hassler, Rodriguez-Mora and Zilibotti. Download here the figures, and the Technical Appendix.

·       Dynamic Political Choice in Macroeconomics, Journal of the European Economic Association, 2003, vol. 1 (2-3), pp. 543-52, with J. Hassler and F. Zilibotti

Publications: Immigration

Comments and chapters in books

    


 

 

 

 

 

 

Contact details

Tel  (+47) 2284-4009
Email  kjetil.storesletten [at] econ.uio.no

Mail address
Department of Economics, University of Oslo
P.O
Box  0317, Oslo, Norway

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